Pantheon Resources Share Discussion Threads

[soggy] 21/10/2021 08:34

POS the holder is new to the shares - as in someone new is now holding them, not someone new to PANR - in that sense it's a perfectly correct statement.

[scot126] 21/10/2021 08:30

Dear All - please see link below for an update on Willow.



By any objective analysis, this is not good news for 88E. The journalist is pointing to a multi-year delay in development so, at the barest minimum, this will have a negative effect on the NPV per barrel in the ground calculation owing to the time value of money variable.

Umiat remains a stranded asset and Peregrine looks like joining it for the foreseeable future.

It highlights once again the tremendous advantage of being located on State land and being intersected by TAPS and the Dalton Highway.

The owners of TAPS have a serious problem on their hands. They will have factored in those 100k+ bopd in their forecasts for future throughput. It is therefore a logical progression that this decision has just a) increased the NPV per barrel in the ground calculation for Alkaid, Talitha and Theta West b) increased the attraction of PANR's play to the owners of TAPS and c) increased the likelihood of PANR's acreage being developed, and developed swiftly. Good stuff.

It's a pity for Conoco (Willow) and 88E but it is self-evidently a positive for PANR. A market reacting icily objectively and rationally will see 88E being sold off and those investors wishing to remain exposed to an Alaskan E&P buying PANR. Let's see what happens!

[probabilityofsuccess] 21/10/2021 08:16

Then they wouldn’t be a new holder would they Forwood?

[forwood] 21/10/2021 08:13

Scot said: if the 11m shares has gone to a new holder, no TR-1 is required because it's not >3% of shares on issue.

...unless they are already holding >2%

[unlikely2] 21/10/2021 08:03

. - Comment already posted.

[sirmark] 21/10/2021 08:00

I was just about to amend that lol on my phone will amend when I'm in the office

[scot126] 21/10/2021 07:59

Hi sirmark - if the 11m shares has gone to a new holder, no TR-1 is required because it's not >3% of shares on issue.

[amigo06] 21/10/2021 05:56

Otto shares change hands

[olderwiser2] 21/10/2021 04:46

With the farm out or capital raise still in play, an institutional purchase prior to this is particularly noteworthy.
Buying in advance shows their belief in where the price is headed, or speculatively no capital raise available to them.

[dhb368] 21/10/2021 01:42

Price paid $0.95 / 69p for 11m shares. Sounds like a win/win to me.

[scot126] 20/10/2021 23:25

Dear All - please see link below for the Otto Energy ANN released in Oz. They've sold 11m of their 14.27m PANR shares to an institutional investor. Very interesting. Would love to find out the identity of the buyer? Even which country the buyer is based would be interesting? If my arm was twisted, I'd *guess* a US buyer. Hmmm.....well played, that buyer, very well played.

[nigoil] 20/10/2021 19:26

That's not a very nice response Mr forwood is it? Remember what Thumper said in Bambi? " If you haven't got anything nice to say, don't say anything at all!".... :-)

hxxps://youtu.be/9fYngTUZeUQ

[zeusfurla] 20/10/2021 19:19

I am all for respecting everyone on this board - after all we all want the same thing although our timelines and targets may differ a little. I have a lot of respect for scot's reasoned and informative posts and for forwood's honesty on his trading approach. There are no villains on this board. I even like ngms natural inclination to pessimism now that I am used to it.

No-one on this board can influence the direction of the share price in the short-term - most trades are algorithms and way out of our league as mere PI's. The next major move will follow news which could arrive tomorrow or in a month. GLA.

[intothewild] 20/10/2021 18:53

Think 'professor of twoddle' and his tea leaf predictions Forwood should be watched like a hawk. Trader with motives. Clearly.

[forwood] 20/10/2021 18:19

Well Scot the boring,troll extraordinaire, how come the Sp dropped significantly before the last fund raise? Was anyone tipped off or was it just an amazing coincidence? Do you see any similarity now to what happened last time or not? Do you even have the imagination, let alone the insight to explain the recent 13% fall from 87? Or is it all my fault for pointing out the bleeding obvious? And more fool you if you haven't acted on it!

What's unattractive is your continual demonising of fellow travellers. Yes we know the business case here is excellent but it doesn't stop people buying and selling shares, and at the moment, the sellers have it. Being blind to that for your own ends and effectively telling people to ignore it in the vain hope that you can stop the tide is I think a darn sight worse on the scale of BBS comment than trying to go with the flow.

And did you miss the bit where I said I'd bought some shares?

[scot126] 20/10/2021 17:54

FFS Prof Sir forwood the Unveiled (post #18266) - your first scenario would involve being made inside and then selling in the market. There's only Farallon/CHONS and Sir Michael Spencer that we're aware of who have the tens of millions of shares traded since the last TR-1 was published. Yeah, makes total sense that they're going to jail to fulfil the fantastical droolings of some anonymous avatar on a bulletin board. Are you honestly trying to disseminate this nonsensical theory on a thread which is read by folk who didn't just sail up the Lagan yesterday????

He's once again talking his book, folks. It's transparent and it's unattractive.

".....and some of those negotiations are quite advanced, I must say."

The fundamentals haven't shifted, if anything they're improving. POO is stable/rising for example. The Biden infrastructure Bill contains mark ups which would increase the royalty rates on O&G extracted from *Federal* lands.

Anyone else noticing the US OTC brokers are getting more sophisticated as they buy the cheap stock from UK shareholders and then the price rises a tad for the remainder of their trading hours? h/t to them!

[bobbiedazzler] 20/10/2021 17:34

Not just arriving soon, but already here. The recent peak in the UK carbon price was £75 a tonne, a 20 per cent premium to the EU carbon price. As for "sneaking in", Theta West is potentially big by the standards of other fields but remember how big the industry is: global oil demand next year may well be 100 million barrels a day.

[antique7879] 20/10/2021 17:30

Fact - Differences in farm out negotiations 2020 v 2021. 1. Theta West (lease acquired - Jan 2021) big prize on the table. 2. Inwardly looking oil market 12 months ago with oil at 30 USD / barrel versus > 80 USD now. 3. Oil majors have had reductions in reserves (10 - 30%) over last 24 months.
Opinion - I believe farm out discussions / negotiations will go to the wire. I do not expect news to ‘drop’ for another 4 weeks.

[forwood] 20/10/2021 16:51

Not on the fence Winner. I'm saying I expect it to fall further, just not in a straight line. Am already down on recent buys and while I can console myself with the thought of the end game, I would obviously prefer to buy and see an immediate profit.

What concerns me are the seller's reasons. Are they a large holder who's been approached for a fund raise, the dreaded F (a 5% move in the day not really their style) or someone who shares my perspective on the chart?

If it is the first of those reasons, we may get a clue as to where a fund raise may be pitched.

[winner66] 20/10/2021 16:18

Forwood nice hedged post . It might it might not but it might but it might not. Fence sit sit fence . What ever way you cut it the investment case is very sound. If there’s a little fear compounded by market makers then a good time to take advantage. The big question is what the most likely share price in 6 months time . Under or over 150p. I know what my thinking is.